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Profit-takers Further Wipe Off N137bn from Stock Market

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Profit-takers Further Wipe Off N137bn from Stock Market

26 Aug, 2026

The local stock market further depreciated by 0.11 per cent on Monday, as profit-taking intensified due to waning appetite for high-risk assets for fixed-income instruments. Yesterday, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited crashed by 265.99 points to 239,085.17 points from 239,351.16 points, and the market capitalisation depleted by N137 billion to N154.397 trillion from the N154.534 trillion it ended last Friday.....................................READ MORE